AUD Trading Outlook Archive

Australian Dollar (AUD) the AUD/USD was under pressure as it became clear no Chinese stimulus was coming imminently and US stocks eased later in the day which added to the Aussie weakness. Support was once again found at 1.0500 where dip buyers emerged looking for… Read more

Australian Dollar (AUD) the AUD/USD was hit hard by the Chinese data misses but support was found at 1.0500 and we later reversed on Rumors of a weekend RRR Rate Cut from China. With nothing announced we have seen the AUD/USD slightly pressured in Asia… Read more

Australian Dollar (AUD) the AUD/USD hit day highs above 1.0610 before reversing lower in the European and US session tracking the Euro and GBP. The main drag yesterday was the weaker than expected Chinese industrial output data. July Australian Jobs were strong at 14k vs…. Read more

Australian Dollar (AUD) the AUD/USD has broken 1.0600 in Asia Trade on Thursday after better than expected July Jobs data up +14k vs. 10k forecast and the Unemployment Rate remained at 5.2%. UPDATE BOJ Hold Interest Rates at 0.1%.

Australian Dollar (AUD) the AUD/USD had an eventful day with the market hitting 1.0600 just after the RBA held rates at 3.5% yesterday in Asia but this was short lived and profit takers have taken control reversing the pair lower. Support is seen at 1.0530… Read more

Australian Dollar (AUD) the AUD/USD was strong continuing to press to fresh rally highs above 1.0580 and is looking to test 1.0600 and then 1.0650 if the stock market holds. The RBA meet today but this is not expected to be a major event with… Read more

Australian Dollar (AUD) the AUD/USD fell immediately after the US jobs data to 1.0500 but as US stocks surged higher we saw the risk sensitive currency move to fresh highs tracking the EUR/USD. The outlook is for more gains above 1.0600 this week if the… Read more

Australian Dollar (AUD) the AUD/USD hit multimonth highs briefly overnight above 1.0550 from the short squeeze on the EUR/USD before Draghi lifted all majors. The sharp selling afterwards on the EUR/USD and US stocks hurt the Aussie but it held up better than most with… Read more

Australian Dollar (AUD) the AUD/USD rallied back above 1.0500 and hit day highs at 1.0540 before being reversed sharply after the FOMC to below 1.0500. The Asian market sold as well to 1.0440 but we are rallying back towards 1.0500 after retail sales and trade… Read more

Australian Dollar (AUD) the AUD/USD rallied to fresh highs above 1.0540 before falling sharply to close below 1.0500 as profit takers took rare control. The outlook we rely upon the stock market’s reaction to the US Fed and ECB tomorrow. Also on the horizon is… Read more